US EditionConsumer confidence records ‘sharp slide’ in expectations for general economy
Consumer confidence in the UK dropped two points to minus 19 due to worsening economic expectations and cautious central bank policies, with saving intentions falling sharply, GfK data shows.
- The GfK Consumer Confidence Index fell two points to minus 19 in September, showing weaker UK consumer sentiment.
- This decline comes after a significant drop in outlook for the overall economy, which has fallen from minus 11 fifteen months ago to minus 32 currently.
- This month saw declines across every indicator of consumer confidence, highlighted by a three-point decrease in the Major Purchase Index to minus 16 and a notable eight-point reduction in saving intentions.
- Neil Bellamy, GfK’s Consumer Insights Director, noted a noticeable decline in consumer confidence this month, with all five key indicators registering lower scores.
- The fall in confidence was driven by expected tax rises in the upcoming November budget, indicating ongoing pressure on consumer sentiment despite recent interest rate cuts.
16 Articles
16 Articles
Global Economy Briefing for September 18, 2025
The Bank of England left interest rates unchanged at 4% on Thursday, though the vote showed cracks: two members favored cuts as inflation eased. At the same time, consumer confidence weakened, with the GfK index falling to –19. Across Europe, the ECB struck a cautious tone. July’s eurozone current account surplus narrowed to €27.7 billion, […]
Consumer confidence dips amid tax fears - Credit Connect
Consumer confidence in the UK has declined, with GfK’s Consumer Confidence Index showing a fall by two points to -19 in September. Neil Bellamy, Consumer Insights Director at GfK, an NIQ Company, said “There’s an autumnal chill in the air this month, with all five measures of consumer confidence down and the Overall Index Score for September slipping two points from -17 to -19. “The August 7th decrease in interest rates does not appear to have p…
UK consumer confidence falters ahead of Autumn Budget
UK consumer confidence has dropped by two points to -19 in September ahead of the Autumn Budget, according to GfK’s latest long-running index. The survey revealed that all five measures declined in comparison to last month’s announcement. The index measuring changes in personal finances during the last year was down three points at -7, two points better than September 2024. Meanwhile, the survey revealed that the forecast about personal finances…
Consumer confidence records ‘sharp slide’ in expectations for general economy - Rother Radio
Consumer confidence fell in September amid a sharp slide in expectations for the general economy, figures show. GfK’s long-running Consumer Confidence Index dropped two points to minus 19 this month, with all measures down in comparison to last month. Expectations for the general economy fell two points to minus 32, a sharp fall from the minus 11 recorded for the same measure 15 months ago. The forecast for personal finances over the next 12 mon…
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